Michael purchased a new printing machine and started a small printing shop. As per her calculations, to earn revenue of $5,000 per month, she needs to sell printouts of 22,000 sheets per month. The printing machine has a capacity of printing 36,500 sheets per month, the variable costs are $0.04 per sheet, and the fixed costs are $1,500 per month.

a. Calculate the selling price of each printout.

Round to the nearest cent

b. If they reduce fixed costs by $420 per month, calculate the new break-even volume per month.

Round up to the next whole number

c. Calculate the new break-even volume as a percent of capacity.

%

Round to two decimal places